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Barclays Profits Drop
Description
The bank was hurt by declining business in its UK group.
Business Insider reports that profits attributable to shareholders dropped to $899 million in the first half.
That's down from $2.6 billion last year.
The British bank set aside $4.7 billion in anticipation of bad loans related to the crisis period.
Barclays trading division posted a 60% jump in trading revenues in foreign-exchange, rates, and credit trading.
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